To those wondering what is going to happen and when, I think we can count on it happening before HR enrollment is finalized. Enrollment this year is a full month earlier than last year. Hardly seems coincidental. 10/25 is the enrollment close date. How much you want to bet the sla-ghter is on 10/24?
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who knows anymore. if the november rumors are true, then they'll probably make it november 3rd so it will still be on the books for 2023. they have made it incredibly unclear if it is a mass one, by org, by location or anything else all by design to drive more people out before the day to save a few bucks in severance and only hurt the folks/teams who will remain.
either way, the longer it takes the more of a mess is going to follow. They're bungling this, which will lead to a bungled re-org, and a bungled RTO. it is going to be months of confusion and pain. all during the time of year most people are off for the holidays, taking trips and looking to spend time with family and friends. Starting 2024 off on the wrong foot, and setting teams up for just more confusion and a total lack of cohesion.
"bUt ThIs Is A cOmPaNy To MaKe MoNeY..." if thats your view and you work here i hope i get laid off. A company is only as good as the people it employees. If the company isnt taking care of its people, then the people wont take care of the company. If you feel the need to defend a giant corporation that is looking to save money by (first) letting people go then you need to reassess some things...
rant over. i hope it happens next week.
I wouldn't read anything into Open Enrollment timing. Open Enrollment likely has been planned for many months
So that would mean everybody’s 60 days would expire on Christmas? No way buddy. It’s going to be in early Nov so they can lay you off to start the new year
@zth+1oXoWgMV it’s like you were in the room!
Probably the most accurate speculation. I’ve given up trying to figure it out and have just been supremely slacking off everyday…
We have so many things in flight that are just kinda in a holding pattern because of all the confusion anyways…
People are putting way too much thoughts into this. The real conversation in EC probably went like this.
CFO: We need 3500 people off the books before EOD to keep stockholders happy.
Walt: When do we need it by?
CFO: Before EOD, so 60 days before mid December when HR goes on holidays.
Walt: Mid October it is. Also, inform the company in July that we have layoffs so more people quit and we don't need to pay severance.
When you go on Cobra you refile elections as part of a qualifying event. You are allowed to change coverage and options.
There’s no relationship between a RIF, OE and the phase of the moon.
Coordination of calendars and dependencies would also demonstrate a clarity rarely seen here or anywhere.
The date(s) will be the date(s) and we can only be certain it will not be February 31st.
Thinking cap on here. They want to see what you enroll in, order to determine who is eliminated. If you enroll in expensive things which the employer must contribute more, you can say bih bye.
They will do it during the open enrollment period because this will make it easier for individuals who are laid off to set up their cobra plans
@wsa+1oXoWgMV. Finally, someone's got their thinking cap on! Wouldn't they try and have everything done before everything else begins?
if they were doing it to avoid enrollment, why not the 9th or 10th before anyone can even get it?
Is this the RTO delay leaker?
I heard from my mailman’s friend’s cousin, who knows someone who knows an MD at Schwab that it will happen this weekend!! Definitely Sunday. After brunch. 100% guaranteed